Watson Lucas E 4

What Happened
Lucas E. Watson, a director of W.W. Grainger (GWW), was granted 11 deferred stock units on March 1, 2026. The filing lists a per-unit price/value of $1,144.73, for a total reported value of $12,592. The transaction is recorded as an award/acquisition (derivative securities), not an open-market purchase or sale — a routine form of director compensation rather than a market trade.

Key Details

• Transaction date and amount: 2026-03-01 — 11 deferred stock units at $1,144.73 each (total $12,592).
• Transaction type: A (award/acquisition) of a derivative security (deferred stock units).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: Units are held in the Lucas E. Watson Trust — 2025; Watson is the trustee.
  • F2: 1-for-1 (conversion ratio).
  • F3: The deferred stock units are expected to settle into common stock on a one-for-one basis following end of service as a director.
• Filing: Form 4 filed 2026-03-03 for a 2026-03-01 transaction — appears to be timely (within the typical 2-business-day window).

Context
Deferred stock units are a common, non-cash element of director pay that convert into shares after certain conditions (here, end of board service). Because this was an award/compensation grant (derivative) rather than a market purchase or sale, it should be viewed as routine compensation disclosure rather than a direct signal of the director buying or selling company stock. The dollar value is modest for director pay.